Commentary & Deal Flow

Final Books in excess of €1.55bn (incl. €70m JLM interest)

Launched: 8yr: €500m @ SPGB+14bp - Orderbooks in excess of €1.25bn (incl. €70m JLM interest)
Guidance: 8yr: SPGB+17a

• Issuer: Autonomous Community of Castilla y Leon (Ticker: CASTIL)
• LEI: 959800Y87BK35RUBP092
• Issuer Rating: A3 (Stable) Moody’s
• Exp. Issue Rating: A3 Moody’s
• Format: Sustainable, Reg S Cat 1, Dematerialised Book-entry form (No sales into Canada)
• Ranking: Senior, Unsecured
• Risk Weighting: 0% in the Eurozone LCR Level 1
• Size: €500m
• Settlement: 15-Jun-26 (T+8)
• Maturity: 30-Apr-34
• Coupon: Fixed, Annual, Act/Act, short first coupon
• Spread: SPGB + 14bps
• Benchmark Ref: SPGB 3.25% 30-Apr-34 / HR 99%
• Listing: AIAF
• Gov Law: Spanish
• Min Denoms: €1k+ €1k
• Use of Proceeds: As defined in the Autonomous Community of Castilla y León Sustainable Finance Framework
• Docs: Exempt from prospectus requirements in Spain. Spanish public debt tax regime. No events of default. No tax gross up
• Target Market: The target market for the Bonds is professionals and eligible counterparties (all channels for distribution), each as defined in MIFID II
• Bookrunners: BBVA, Crédit Agricole CIB, HSBC, ING, Kutxabank Investment and Santander (B&D)
• ISIN: ES0001351628
• Hedge Deadline: 15:00 CET / 14:00 UKT